NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on November 21

The Indian equity markets are set to open lower on Friday, November 21, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad fell 7 points to 26,214 amid negative cues from Asian markets.

The Indian equity benchmarks rose for a second straight session on Thursday, November 20, powered by gains in index heavyweights like Reliance Industries, HDFC Bank, Bajaj Finance, Axis Bank, Bajaj Finserv and ITC. During the session SENSEX rose as much as 615 points to hit fresh 52-week high of 85,801.70 and NIFTY50 index touched a 52-week high of 26,247, mere 30 points shy of its all-time high of 26,277.

Asian markets

Asian shares were trading lower taking cues from weak closing of US markets overnight. Japan's Nikkei declined 2.26%, China's Shanghai Composite dropped 1.9%, Hong Kong's Hang Seng fell 2.27% and South Korea's KOSPI tumbled 3.66%.

Wall Street update

US stocks fell on Thursday in a sharp reversal from an early rally, as technology gains faded after a boost from Nvidia's earnings and US jobs data muddied the labour market outlook.

After initially soaring toward what seemed like its best day since May, with an early surge of 1.9%, the S&P 500 erased all of it and fell 1.6%. The Dow Jones Industrial Average dropped 386 points, or 0.8%, and the Nasdaq composite sank 2.2%.

FII/DII activity

Foreign institutional investors bought shares worth ₹284 crore on Thursday while domestic institutional investors bought shares worth ₹824 crore, data from the National Stock Exchange showed.

The FIIs have so far this month sold shares worth ₹4,238 crore and for the calendar year they have been net sellers to the tune of ₹1,44,148 crore, according to the data from National Securities Depository Limited (NSDL).

Stocks to watch

TPG will be the only equity partner in the venture and invest $1 billion, or around ₹8,820 crore, in the AI data centre business christened as 'Hypervault'. It will hold a stake between 27.5% and 49% in the venture.

The deal comes within 40 days of the Tata Group company announcing its entry into the data centres business with a plan to have a 1 GW capacity, which would require investments of $6.5 billion (around ₹57,600 crore).

Reliance is India's largest buyer of Russian oil, which it processes into fuel, such as petrol and diesel, at its giant oil refining complex in Jamnagar.

The complex is made up of two refineries – one SEZ unit from which fuels are exported to the European Union, the US, and other markets, and an older unit that caters to the domestic market.

The European Union – a big market for Reliance – has imposed wide-ranging sanctions targeting Russia's energy revenues, including measures that restrict the import and sale of fuels produced from Russian crude oil.

On Monday, the company already said that a meeting of the Board of Directors of the company is scheduled to be held on Friday, November 21, 2025, inter alia, to consider and approve the unaudited standalone and consolidated financial results of the company for the quarter and half year ended September 30, 2025.

Although PVR INOX's 60% of screen additions are coming from its existing top markets, it is also looking at smaller markets, with affordable ticket pricing of ₹150-200.

Besides, it is focusing on Southern states, which the company considers a key market for growth, Bijli added.